tomo logo

$520,000

Beds
1
Baths
1.0
sq ft
980

420 S San Pedro St Unit 518, Los Angeles, CA 90013

420 S San Pedro St Unit 518

Los Angeles, CA 90013

  • 89 days on market
The light-filled live/work loft at the Little Tokyo Lofts has a unique floor plan with distinct spaces without sacrificing the open loft feel. Eleven-foot ceilings, huge windows, hardwood floors, stainless kitchen with oversized island, and defined bedroom area with large walk-in closet. Little Tokyo Lofts was the historic Westinghouse Electric elevator factory, built in the 1920s and converted to condos in 2005. This loft complex includes a year-round heated pool and spa, BBQ area, gym, pet area, 24-hour security, and, most importantly, two assigned parking spaces and parking for guests in a secure parking structure attached to the building. Great community with a small-town feel. Five-minute walk to the heart of Little Tokyo.

Details

Property type

Condominium

Est. home value

$633,512

Lot size

1.7537 acres

Price per sq ft

$531

Year built

1922

Monthly HOA fee

$819.18

Price History

07/09/2024
CLAW

CLAW #24412193

Listed
$520,000
-5.8%
03/04/2019
CLAW

CLAW #19419500

Sold
$552,000
+22.67%
07/28/2016
CLAW

CLAW #16129930

Sold
$450,000

Schools & Community

Neighborhood: 

Downtown

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool, Gated

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$80,663
Asking price
$520,000
Closing costs (~8% of asking)
-$41,600
Est. remaining loan balance
-$397,737
Cash to seller
$80,663

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Bank Of America Na

Loan start date

February 2019

Original loan amount

$441,600

Est. remaining balance

$397,737

Interest rate

4.55%

Loan type

New Conventional, 30 year

Seller

Gabriel M R G Le Proux De La Riviere

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Similar Homes Nearby

CLAW
$495,000
1 bd
|
1 ba
|
820 sq ft
|
Condo

645 W 9th St Unit 344, Los Angeles, CA 90015

Price drop
CLAW
$515,000
1 bd
|
1 ba
|
754 sq ft
|
Condo

600 W 9th St Unit 1002, Los Angeles, CA 90015

Price drop
CLAW
$535,000
1 bd
|
1 ba
|
735 sq ft
|
Condo

100 S Alameda St Unit 154, Los Angeles, CA 90012

Status: Active

Tomo last checked: 10/07/2024 at 3:45 AM

Listing updated: 09/28/2024 at 2:41 AM

Listed by: Christiano Sampaio, Loftway Phone #: (888) 505-6387

MLS: CLAW #24412193

CLAW logo

Recently listed in Los Angeles